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9) The owner of a business is considering investing $60,000 in new equipment. He estimates...

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9) The owner of a business is considering investing $60,000 in new equipment. He estimates that the net cash flows will be $5,000 during the first year, but will increase by $2,500 per year the next year and each year thereafter. The equipment is estimated to have a 10-year service life and a net salvage value of $10,000 at that time. The firm's interest rate is 12%. 9) The owner of a business is considering investing $60,000 in new equipment. He estimates that the net cash flows will be $5,000 during the first year, but will increase by $2,500 per year the next year and each year thereafter. The equipment is estimated to have a 10-year service life and a net salvage value of $10,000 at that time. The firm's interest rate is 12%

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